Here's why so many electric vehicle startups fail


by CNBC

CNBC— The EV revolution is a tempting proposition for entrepreneurs. But the business is not for the faint of heart. Successes tend to have a few common traits.

Honolulu Star-Advertiser—Tesla cuts U.S. prices for 3 of its electric vehicle models. Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk.

FOX 8 Cleveland—Man arrested after items stolen from ‘many’ local vehicles found in his car: Sheriff’s Office. A man suspected of “many vehicle break-ins” in Northeast Ohio was arrested Saturday, the Summit County Sheriff’s Office confirmed.

MIT Technology Review—An AI startup made a hyperrealistic deepfake of me that’s so good it’s scary. I’m stressed and running late, because what do you wear for the rest of eternity?  This makes it sound like I’m dying, but it’s the opposite. I am, in a way, about to live forever, thanks to the AI video startup Synthesia. For the past several years, the company has produced AI-generated avatars, but today…